In the case of Owens V Owens, Mrs Owens said that she has been left trapped in a “loveless and desperately unhappy” marri...
A pre-nuptial agreement is a formal agreement entered into prior to a marriage or civil partnership. It sets out the assets of the couple at the time of their marriage and how their assets should be divided in the event of a divorce or separation.
A pre-nuptial agreement is useful in the following situations:-
- To protect wealth built up prior to your marriage.
- To protect children from a previous relationship.
- If you are marrying later in life and do not wish to lose your financial independence.
- To minimise the cost and distress involved in resolving financial matters should the relationship breakdown.
A post-nuptial agreement is very similar to a pre-nuptial agreement, but entered into after the marriage or civil partnership.
Post-nuptial agreements are now considered to be binding in the UK provided:-
- The agreement was entered into freely by each party.
- Both parties understood the terms of the agreement.
- Neither party was placed under undue pressure by the other.
- There has been full and frank disclosure of both parties assets and income.
- The agreement was realistic and fair.
- Both parties obtained independent legal advice.
Whatever your situation, our team at Walker Foster can discuss the options with you and draw up a concise, clear written agreement to reflect your wishes.